Hornbeck Offshore Services Rating Lowered to Buy at ISI Group (HOS)
Hornbeck Offshore Services (NYSE:HOS) was downgraded by investment analysts at ISI Group from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Hornbeck Offshore Services in a research note to investors on Tuesday, December 17th. They now have a $91.00 price target on the stock, down previously from $92.00. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Hornbeck Offshore Services from a “neutral” rating to a “sell” rating in a research note to investors on Monday, November 18th. They now have a $53.00 price target on the stock, down previously from $224.00. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Hornbeck Offshore Services from $73.00 to $67.00 in a research note to investors on Monday, November 4th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Hornbeck Offshore Services currently has a consensus rating of “Buy” and an average target price of $67.36.
Hornbeck Offshore Services (NYSE:HOS) opened at 46.03 on Monday. Hornbeck Offshore Services has a 52-week low of $36.40 and a 52-week high of $59.93. The stock has a 50-day moving average of $48. and a 200-day moving average of $54.05. The company has a market cap of $1.659 billion and a P/E ratio of 16.54.
Hornbeck Offshore Services (NYSE:HOS) last released its earnings data on Thursday, October 31st. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.01. The company had revenue of $132.90 million for the quarter, compared to the consensus estimate of $146.12 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. Analysts expect that Hornbeck Offshore Services will post $2.44 EPS for the current fiscal year.
Hornbeck Offshore Services, Inc, is a provider of marine transportation services to exploration and production, oilfield service, offshore construction and United States military customers.
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